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Weekly forecast Swiss Franc / Singapore Dollar technical chart
Symbol CHFSGD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 9, 2019 - 17:45
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 1.3800 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.3800 on 10/31/2019, so more losses to support(s) 1.3555, 1.3400, 1.3265 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.